Edaa adds subscribed securities in MBC Group

Logo of MBC Group

The Securities Depository Center Co. (Edaa) announced today, Jan. 4, the addition of the securities subscribed in MBC Holding Group Ltd. to the accounts of eligible shareholders. 

MBC Group offered 33.25 million shares, or 10% of its post-IPO capital, 10% of which were allocated to retail investors and 90% to institutional investors.

The coverage ratio of retail tranche reached 17.6 times, valued at SAR 1.46 billion. A minimum of nine shares were allocated per individual subscriber. 

Meanwhile, the coverage of institutions amounted to about 66X of the total shares offered.